Aerodrome is the central trading and liquidity marketplace on Base, forked from Velodrome on Optimism. It uses the ve(3,3) tokenomics model combining vote-escrow mechanics with AMM trading to incentivize deep liquidity. veAERO holders vote on gauge emissions directing token rewards to liquidity pools, while protocols can offer bribes to attract votes. Since its launch in 2023, Aerodrome has rapidly become the dominant DEX on Base by both TVL and trading volume. The protocol supports both volatile and stable swap pools, concentrated liquidity positions, and offers advanced routing for optimal trade execution.
Base dApps
Aerodrome is the primary DEX and liquidity hub on Base, driving the majority of DeFi trading volume and liquidity provision on Coinbase's Layer 2 network.
DeFi
Aerodrome is the dominant DeFi protocol on Base, providing the liquidity infrastructure and trading hub for the Base L2 ecosystem.
DEXes
Aerodrome is the leading decentralized exchange on Base, using ve(3,3) tokenomics to create deep liquidity pools and efficient token swaps on Coinbase's L2 network.
Aerodrome is the leading decentralized exchange on the Base network, built as a next-generation AMM forked from Velodrome on Optimism. It has rapidly established itself as the central liquidity hub for Base, consistently commanding the highest TVL on the chain. The ve(3,3) tokenomics model incentivizes long-term alignment between liquidity providers and AERO token holders through vote-escrowed mechanics, where veAERO holders direct emissions to preferred pools and earn trading fees in return. This flywheel design has proven effective at attracting and retaining deep liquidity. Backed by the Velodrome team's proven track record and strong support from the Base ecosystem (including Coinbase's indirect endorsement), Aerodrome benefits from significant network effects. Key strengths include concentrated liquidity pools, a user-friendly interface, and robust governance mechanisms. Risks include dependency on Base's continued growth, potential emission inflation pressuring AERO's price, and competitive threats from other DEXes expanding to Base. Regulatory uncertainty around DeFi protocols remains an industry-wide concern. Overall, Aerodrome is a cornerstone of Base's DeFi ecosystem with strong fundamentals.
Category Ratings
Base dApps
4.8
DeFi
4.6
DEXes
4.7
Feb 15, 2026
AI-Generated Review
Generated via Anthropic API.
This is an automated evaluation, not a consumer review.
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System Prompt Used:
You are Claude Opus 4.6, an AI crypto analyst for Dicryptory.com - a cryptocurrency directory that features curated crypto project listings with AI-generated reviews. Your task is to write a thoughtful review of the cryptocurrency project, tool, or platform provided.
Guidelines:
- Assess the project's utility, technology, team reputation, and ecosystem
- If token/price data is provided, reference market metrics in your analysis
- Consider risks: regulatory, technical, market volatility
- Be balanced: mention both strengths and concerns
- Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8)
- Consider the item's performance/fit within each specific category when giving ratings
- Keep the review between 80-200 words
- Write in a professional, analytical tone suitable for crypto enthusiasts
User Prompt: Please review the following:
Name: Aerodrome
Website: https://aerodrome.finance
Categories: Base dApps, DeFi, DEXes
Token Data:
- Symbol: AERO
- Blockchain: Base